OilPrices Trending News

2026-05-07 09:50:09

Trump Signals Iran Deal Progress Amid Oil Volatility

Trump says U.S. is close to a deal ending the Iran war, which has driven up global oil prices without a surge in U.S. production. Marco Rubio visits Pope Leo. read more

2026-05-03 13:10:04

Oil Prices Hit Four-Year High on Iran War

Oil prices hit a four-year high due to supply shocks. NPR's Ayesha Rascoe discusses with Kevin Book how the Iran war impacts oil markets, exploring future trends and geopolitical effects on global energy supply. read more

2026-04-30 07:40:06

Oil Surges Past $125 as Trump Weighs Iran Strikes

Oil prices surge past $125 as Trump considers military options in the Strait of Hormuz, urging Iran to negotiate. Tehran mocks rising costs, while US plans new strikes and coalition efforts. read more

2026-04-24 08:50:08

Oil Surges Past $105 as Strait of Hormuz Shuts

Oil prices hold above $105 as Strait of Hormuz closure persists, with US and Iran seizing ships. Asian markets mixed, US futures rise. Ceasefire talks continue amid economic pressure and risk of escalation. read more

2026-04-22 17:10:14

Iran War Drives Up Everyday Costs

The Iran war's oil shock is raising prices for everyday items from toys to pens. Petrochemicals derived from oil are essential for plastics and synthetics in thousands of products, disrupting global supply chains and increasing manufacturing costs worldwide. read more

2026-04-22 11:50:11

War Inflates Prices From Toys to Aspirin

The Iran war's oil shock is raising prices for everyday items from toys to pens, as petroleum-derived materials like polyester become costlier. This demonstrates oil's pervasive role in the global economy, with consumers facing broader inflation. read more

2026-04-22 06:30:49

Oil Prices Steady as Iran Ceasefire Extended

Oil prices hover near $100 as Trump indefinitely extends the Iran ceasefire but maintains a naval blockade, keeping the Strait of Hormuz closed. Market reactions were mixed, with uncertainty persisting over the critical waterway's reopening. read more

2026-04-21 06:20:14

Oil Dips, Asia Rallies on US-Iran Talks Hope

Oil prices fell and Asian stocks rose on hopes that U.S.-Iran talks will resume before the ceasefire expires. Despite Tehran's non-commitment and mutual truce violations, markets reacted positively, though shipping disruptions in the Strait of Hormuz persist. read more

2026-04-20 12:30:45

UK Fuel Theft Soars Amid Global Conflict

Fuel thefts at UK petrol stations have surged nearly 30% since the US-Iran war began, costing over £100 million annually. Diesel and petrol prices have soared. Industry groups warn station workers to increase vigilance during peak hours. read more

2026-04-20 09:40:12

Oil Prices Soar Amid Hormuz Standoff

Oil prices surged over 5% as renewed US-Iran tensions closed the Strait of Hormuz to tankers. Despite supply fears, Asian shares mostly rose. A fragile ceasefire expires soon, with the US maintaining a naval blockade. read more

2026-04-19 16:30:05

Why US Gas Prices Defy Record Oil Output

Despite being a top oil producer, U.S. gas prices are up 30% because oil is a global commodity. Supply disruptions anywhere raise prices worldwide, though domestic production shields the U.S. from severe shortages. read more

2026-04-18 09:40:05

Oil Plunge, Stocks Soar as Hormuz Strait Reopens

Oil prices fell sharply and U.S. stocks surged to record highs after Iran announced the Strait of Hormuz is open for tankers, easing supply concerns. The S&P 500 jumped 1.2%, reflecting market optimism over potential de-escalation. read more

2026-04-17 05:40:04

Ceasefire Hopes Sink Oil, Lift Wall Street

Oil prices fell on hopes for an extended U.S.-Iran ceasefire, though Asian stocks declined. Wall Street hit another record high. Global energy shocks persist with constrained fuel supplies impacting markets and travel. read more

2026-04-16 05:40:10

Oil Dips, Stocks Soar on Iran Peace Hopes

Oil prices fell below $95 and Asian stocks hit record highs on optimism for an Iran peace deal and strong corporate earnings. Brent crude initially dropped but later rose slightly. Japan's Nikkei and other regional indexes posted significant gains. read more

2026-04-15 11:10:05

Sanders Slams War Economy as Gas Prices Soar

Bernie Sanders blasted Trump economic adviser Kevin Hassett's optimistic take on rising oil prices amid the Iran war, saying "God help us all." He linked soaring gas prices to Middle East conflicts, criticizing the administration's economic policies and mixed messaging. read more

2026-04-10 16:20:11

Strait of Hormuz Frozen Despite Trump Truce

Marine traffic data shows the Strait of Hormuz at a standstill over 48 hours after a conditional ceasefire. The critical chokepoint, normally handling 20% of global oil, has been blocked since February, causing surging prices worldwide. read more

2026-04-07 08:40:05

Energy Chief Warns Worst Oil Crisis in Decades

IEA chief warns the Strait of Hormuz blockade creates an energy crisis worse than 1973, 1979, and 2002 combined. Brent crude rose to $111.53, up over 50% since the war began, rattling global markets and spiking inflation fears. read more

2026-04-06 06:40:08

Trump Threat Sparks Oil Price Surge

Oil prices surged above $110 a barrel as Asian markets reacted to Donald Trump's explicit threat to bomb Iran if it didn't reopen the Strait of Hormuz. Iran warned of regional "hell," while ceasefire talks were reportedly underway. read more

2026-04-06 06:10:08

Trump Ultimatum Sparks Iran Retaliation Threat

Iran warns of "devastating" retaliation if President Trump follows through on threats to target its civilian infrastructure. Trump issued a sweary ultimatum demanding Tehran reopen the Strait of Hormuz by a Tuesday deadline. Oil prices surged above $110. read more

2026-04-02 15:50:05

Trumps Iran Strikes Rattle Global Markets

President Trump vows continued intense strikes on Iran despite claiming military objectives are met, offering no clear war end. This escalates regional conflict, disrupts global oil supplies via the Strait of Hormuz, and causes financial market turmoil worldwide. read more

2026-04-02 12:10:12

Irans Secret Strait Tollbooth Demands Crypto

Iran is operating a secret tollbooth system in the Strait of Hormuz, charging fees in yuan and crypto for naval escorts. This selective blockade has cut traffic by 90%, spiking global oil prices and prompting international coalition talks. read more

2026-04-02 06:10:05

Oil Prices Jump After Trump Vows More Iran Strikes

Oil prices surged over 4% after President Trump vowed continued attacks on Iran, claiming military objectives are near completion. The address drew criticism for lacking clarity. Global fuel prices rise, and international reactions vary. read more

2026-04-01 19:00:46

White House Fears $150 Oil Nightmare Amid Iran War

Trump officials are urgently preparing for a potential oil price surge to $150 a barrel due to the Iran war and a closed Strait of Hormuz. This "nightmare scenario" risks severe economic pain, driving up gas and consumer costs significantly. read more

2026-04-01 00:40:09

Fuel Surcharges Hit Consumers as Oil Prices Soar

Businesses are adding fuel surcharges as oil prices soar due to the Iran war, increasing delivery and production costs. This raises gas and grocery prices, impacting consumers and small businesses nationwide. read more

2026-03-31 07:40:46

Oil Dips on Trump War De-escalation Report

Oil prices fell in Asian trading after a report stated President Trump was willing to end the US-Israeli war against Iran, even if the Strait of Hormuz remained closed. Prices had spiked due to the vital waterway's closure. read more

2026-03-30 05:10:45

Trump Threatens Seizure of Irans Key Oil Terminal

Trump threatens to seize Iran's Kharg Island, claiming it would be easy. Oil prices surge as conflict escalates. Iran warns US against ground invasion, vowing retaliation. Thousands of US Marines arrive in the region amid rising tensions. read more

2026-03-27 11:40:11

Iran Strait Closure Sparks Oil Price Panic

Oil prices surged past $110 a barrel after Iran closed the Strait of Hormuz, a vital oil shipping route. President Trump extended a deadline for Iran to reopen it, amid threats of further military escalation and global economic concerns. read more

2026-03-26 06:40:11

Oil Prices Soar as Iran-Israel Conflict Escalates

Oil prices hit $103 as Iran reviews a US peace plan but denies negotiations. Trump claims Tehran secretly seeks a deal. China sees hope, while Israel strikes Isfahan and Russia sends drones to Iran. read more

2026-03-26 06:40:06

Asian Markets Tumble, Oil Soars on Middle East Fears

Asian stocks fell and oil prices rose as Middle East tensions persisted. The Strait of Hormuz remains closed, disrupting global oil supply. Iran dismissed a US ceasefire plan, continuing regional attacks and fueling market uncertainty. read more

2026-03-25 14:40:17

BlackRock CEO Warns Iran War Could Trigger Global Recession

BlackRock CEO Larry Fink warns a prolonged Iran war could push oil to $150, causing a severe global recession. He states rising energy prices disproportionately hurt lower-income households, creating profound economic challenges. read more

2026-03-25 09:20:10

Irans Strait Offer Fails to Ease Global Oil Crisis

Iran allows 'non-hostile' ships through the Strait of Hormuz, but traffic remains at 4% of pre-conflict levels. The closure has caused a historic energy shock. Oil prices fell on reports of a US ceasefire plan. read more

2026-03-24 05:40:15

Trumps Five-Day Iran Ultimatum

Trump issues a five-day deadline to Iran for a peace deal, pausing military strikes. Iran denies talks, calling his claims "fake news." Oil prices surge above $100 amid supply fears as regional strikes continue. read more

2026-03-21 10:10:10

U.S. Eases Iran Oil Sanctions to Tame Soaring Prices

The US temporarily lifts sanctions on Iranian oil already at sea until April 19 to curb soaring global prices. The waiver aims to increase market supply amid Middle East conflict and the Strait of Hormuz closure. read more

2026-03-21 02:10:41

U.S. Eases Iran Oil Sanctions to Tame War-Driven Prices

The U.S. temporarily lifts sanctions on Iranian oil already at sea until April 19 to curb soaring global prices amid Middle East conflict. The waiver aims to increase market supply, though separate financial sanctions on Iran remain. read more

2026-03-19 18:10:05

Trump Denies Iran Troop Deployment as Oil Prices Soar

Trump denied plans to deploy U.S. ground troops to Iran but cryptically added he wouldn't reveal such moves. Amid Iran-Israel attacks on oil infrastructure, prices spiked. He warned of severe retaliation if Qatar's gas facilities are targeted again. read more

2026-03-19 16:30:53

$138 Oil Could Trigger U.S. Recession

Economists warn sustained oil prices of $138 per barrel for 14 weeks could push U.S. recession probability above 50%. Prices have surged due to Middle East tensions, disrupting global supply and threatening economic stability. read more

2026-03-19 09:10:07

Trump Threatens Iran, Sending Oil Prices Soaring

Oil prices surged to $114 after Iran struck Qatar's Ras Laffan gas field. Donald Trump threatened to retaliate by targeting Iran's South Pars field. The conflict has raised global economic concerns and regional tensions. read more

2026-03-18 19:20:05

Trump Waives Jones Act Amid Iran War Oil Crisis

President Trump issues a 60-day waiver of the 1920 Jones Act, which protects U.S. shipping by restricting domestic transport to American vessels. The waiver aims to ease oil market disruptions and high gas prices caused by the Iran war. read more

2026-03-17 23:10:42

Pre-War Oil Expert Cuts Hampered Iran Response

Trump cut State Department oil and gas experts months before his Iran war, a report claims. The layoffs removed key Middle East liaisons and Strait of Hormuz planners. Critics say this left the administration unprepared for the resulting energy price surge. read more